Royal Caribbean Group scheduled a call for business updates for investors on Monday, February 22, as well as the fourth quarter and full annual earnings of 2020.
This is an important call for the investment community, with the company approaching the one-year mark without ships operating from US ports, and only a small percentage of its fleet in operation, with the Quantum of the Seas coming from Singapore sailing while TUI Cruises and Hapag -Lloyd Cruises rebooted smaller.
Managers of the company are expected to deliver a 15 to 25 minute presentation and then question it to financial analysts.
What to listen to:
- Start over: When will ships really start sailing en masse in the United States and Europe? Business executives will be pressured to respond or provide a realistic timeline. Previous comments about the restart in 2020 could not degenerate.
- CDC: Will provide company executives with an update on ongoing discussions with the CDC and its conditional sail order. Since the end of October, there have been no further public updates or technical prescriptions.
- Biden Administration: After the industry had notable meetings with Vice President Mike Pence in 2020, as well as a teleconference in October, what was the relationship with the new U.S. government so far with President Joe Biden in office?
- Azamara: Company executives will have to comment on the sale of Azamara to a private equity firm. Will other sales of ships or brands follow?
- Alaska: How will the ban on cruises to Canada affect the Alaska season, and is the idea of a waiver without calling a foreign port realistic?
- Occupation: When the ships start again, to what occupation will they sail and on what occupation should they sail to achieve positive earnings?
- Deployment: Could 2021 and possibly 2022 lead to a seismic shift in deployment, as intersections stay even closer to home and include short voyages?
- Cash incineration: Royal Caribbean Group chose not to give an exact cash burn rate in its latest earnings, but offered a range that averaged $ 270 million per month. Investors will look for an update.
- Initial cost: From Wall Streets in particular is the start-up cost per vessel, as well as the timeline for getting a vessel ready to sail with guests.
- Set: Will the company further elaborate on cold draft scenarios for the vessels that can last service again?
